Alder
Stockholm, SwedenAlder is a Stockholm-based Nordic and German-speaking lower-mid-market growth and buyout investor founded in 2008 that takes majority stakes in established, profitable sustainable-technology companies enabling more resource-efficient industrial systems and the energy transition.
Alder is a Stockholm growth equity firm with 13 active companies and 9 exits.
- ·5 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 9 realized deals: 6 years.
- ·Top sector focus: Industrials (59% of portfolio).
Sector breakdown
22 companiesGeography breakdown
5 geographiesKey facts
Recent exits
Alder sold Aidon to Gridspertise in 2023 after 10 years.
Alder sold Satel to Topcon Positioning Systems in 2023 after 9 years.
Alder sold Umia to The Specialist Group in 2023 after 8 years.
Alder sold Autocirc to Nordic Capital in 2022 after 3 years.
Coverage notes
3 funds tracked, 22 portfolio companies (13 active · 9 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Alder has raised, with its portfolio companies. Hand-checked from public filings.
Alder IIIGrowth2023€274M8 assetsGrowth2023 · 3yr€274M8–
Unrealized
8 held| Company | Entry |
|---|---|
| 3Button Group Industrials · Sweden | 2025 |
| AB Inventech Industrials · Denmark | 2021 |
| EcoMobility Mobility · Sweden | 2022 |
| eivis Industrials · Austria | 2023 |
| EWGroup Business Services · Sweden | 2023 |
| Livitron Industrials · Germany | 2024 |
| Microbas Industrials · Sweden | 2024 |
| Right Side Group Business Services · Sweden | 2021 |
Alder IIHarvestingGrowth20184 assets2 exitsGrowth2018 · 8yr–42
Unrealized
4 held| Company | Entry |
|---|---|
| 3nine Industrials · Sweden | 2022 |
| Safe Monitoring Group Industrials · Sweden | 2020 |
| Scanacon Industrials · Sweden | 2018 |
| Sustainable Intelligence Software · Sweden | 2021 |
Alder IHarvestingGrowth20101 assets7 exitsGrowth2010 · 16yr–17
Unrealized
1 held| Company | Entry |
|---|---|
| Centriair Industrials · Sweden | 2021 |
Realized
7 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Aidon Energy · Finland | 2013 | 2023 | Trade Sale | Gridspertise | – |
| Dinair Industrials · Sweden | 2012 | 2016 | Trade Sale | AAF International | – |
| Gasmet Industrials · Finland | 2015 | 2019 | Trade Sale | Nederman | – |
| Nordic Water Industrials · Sweden | 2012 | 2021 | Trade Sale | Sulzer | – |
| Powerbox Industrials · Sweden | 2013 | 2018 | Trade Sale | Cosel | – |
| Satel Telecom · Finland | 2014 | 2023 | Trade Sale | Topcon Positioning Systems | – |
| Umia Energy · Sweden | 2015 | 2023 | Trade Sale | The Specialist Group | – |
About Alder
Alder AB is an independent Swedish growth-equity manager headquartered in Stockholm at Sturegatan 34. The firm was founded in 2008 by a team with prior operational and investment experience in resource-efficient industrial technology, operating as an independent partnership unaffiliated with any banking, family-office or industrial sponsor. The firm has cumulatively raised approximately SEK 8.4 billion across three institutional vehicles since inception (approximately €0.8 to €0.9 billion at end-2024 rates), positioning Alder in the mid-cap Nordic specialist tier. Three closed-ended funds anchor the platform: Alder Fund I (2010 vintage, fully realised), Alder Fund II (2018 vintage) and Alder Fund III (2023 vintage, the latest flagship at SEK 3.1 billion). The firm targets majority ownership and operates with a sustainability-oriented sector mandate framed around technology companies that enable more resource-efficient industrial systems. The active portfolio currently numbers twelve companies across industrial filtration, gas detection, automation, vehicle intelligence, optical inspection, environmental services, combustion control and precision manufacturing.
Investment thesis
Alder pursues a specialist buyout and growth-capital strategy with majority ownership preference, targeting profitable lower mid-market Nordic and DACH technology businesses in the SEK 100 to 750 million revenue range. Ticket sizes typically run €10 to €75 million per platform investment, allowing the firm to lead control transactions and family-led successions in the lower mid-market while reserving capacity for selective bolt-on acquisitions to scale platforms. Sector focus is concentrated and thematic, spanning industrial cleantech, resource-efficient manufacturing, emissions and air filtration, gas detection and monitoring, smart energy, circular-economy industrial services and automation enabling factory efficiency. Geography spans the five Nordic countries plus Germany, Austria and Switzerland under Fund II and III mandates. The limited partner base draws from Nordic pension funds, fund-of-funds and selective international LPs attracted to the sustainability angle. Value creation rests on operational engagement, internationalisation, talent recruitment and ESG measurement.
Recent activity
Recent investments include CitiSafe in industrial safety (2026), Sustainable Intelligence in building automation, 3Button Group in industrial automation and robotics, and eivis in food-industry optical inspection. Notable exits include Gasmet Technologies in gas detection and emissions monitoring (2021), Nordic Water in water treatment (2021), Autocirc in circular-economy automotive parts (2022) and Aidon and Satel in smart grid and energy metering (both 2023). The firm continues to deploy Fund III across Nordic and DACH industrial cleantech and resource-efficient manufacturing.
Frequently asked questions
- What investment strategy does Alder focus on?
- Alder focuses on Growth, Buyout strategies in the private equity space.
- How many portfolio companies does Alder have?
- Alder has 13 active portfolio companies and 9 completed exits and 3 funds tracked on GP Intel.
- Where is Alder headquartered?
- Alder is headquartered in Stockholm, Sweden.
- When was Alder founded?
- Alder was founded in 2008.
- What sectors does Alder invest in?
- Alder invests across Industrials, Energy, Business Services.
- What are Alder's recent exits?
- Recent realized exits by Alder include: Aidon (2023) to Gridspertise; Satel (2023) to Topcon Positioning Systems; Umia (2023) to The Specialist Group; Autocirc (2022) to Nordic Capital; Nordic Water (2021) to Sulzer; Gasmet (2019) to Nederman; R2P (2018) to HQ Equita; Powerbox (2018) to Cosel.
Similar firms
Other private equity firms tracked on GP Intel.
